Agnico Eagle and Rupert Resources Announce Closing of Arrangement

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Agnico Eagle and Rupert Resources Announce Closing of Arrangement .bwalignc { text-align: center; list-style-position: inside } .bwlistdisc { list-style-type: disc } Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“ Agnico Eagle ”) and Rupert Resources Ltd (TSX: RUP, OTCQX: RUPRF, FSE:R05) (“ Rupert ”) today announced the successful completion of the previously-announced plan of arrangement (the “ Arrangement ”) under the provisions of the Business Corporations Act (British Columbia) pursuant to which, among other things, Agnico Eagle acquired all of the issued and outstanding common shares of Rupert (the “ Shares ”) that it did not already own (the “ Transaction ”). Pursuant to the Arrangement, each Share was exchanged for: (i) 0.0401 of a common share of Agnico Eagle (the “ Share Consideration ”); and (ii) contingent consideration of up to C$3.00, in the form of a contingent value right (a “ CVR ”, and together with the Share Consideration, the “ Consideration ”), that is payable in cash upon certain milestones being achieved over the 10 year term of the CVR, all as more particularly described in Rupert’s management information circular dated May 7, 2026 (the “ Circular ”). As a result of the completion of the Transaction, it is expected that the Shares will be de-listed from the Toronto Stock Exchange (the “ TSX ”) and withdrawn from quotation on the OTCQX Best Market of the OTC Markets Group (the “OTCQX”) shortly after the date hereof and Rupert will promptly apply to the applicable Canadian securities regulators to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws. Further details regarding the Transaction are included in the Circular, a copy of which is available under Rupert’s issuer profile on SEDAR+ at www.sedarplus.ca . Action Required by Rupert Shareholders Registered holders of Shares are reminded to submit a duly completed Letter of Transmittal and the share certificate(s) and/or direct registration system statement(s), as applicable, representing their Shares to Computershare Investor Services Inc. (“ Computershare ”), the depositary for the Arrangement, to receive the Consideration they are entitled to under the Arrangeme...

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